Business Context and Reporting Period
Company: The Boeing Company
Filing Type: Form 8-K (Current Report)
Date of Report: May 3, 2013
Event: Issuance of Senior Notes under an existing Indenture dated February 1, 2003.
Key Financial Metrics
This filing reports a specific debt issuance event rather than periodic financial performance. The filing text does not provide values for revenue, profit, cash flow, margins, or overall liquidity.
| Note Series | Principal Amount | Maturity Date | Interest Rate | Payment Frequency |
|---|---|---|---|---|
| 2014 Notes (Floating Rate) | $150,000,000 | November 3, 2014 | 3-month LIBOR + 0.01% | Quarterly |
| 2018 Notes (Fixed Rate) | $350,000,000 | May 15, 2018 | 0.950% | Semiannually |
| Total Issuance | $500,000,000 | - | - | - |
Material Changes
The Company increased its outstanding unsecured debt by $500 million through the issuance of the Notes described above. The Notes rank equally with the Company's other unsecured and unsubordinated debt. No other material changes to financial position or operations are disclosed in this specific filing.
Guidance, Outlook, and Risks
Redemption Terms:
- 2014 Notes: Not redeemable prior to maturity.
- 2018 Notes: Redeemable in whole or in part at the Company's option upon at least 30 days' notice prior to maturity at the redemption price described in the Final Prospectus Supplement.
Investor Verification Checklist
- Verify the total aggregate principal amount of $500,000,000 issued on May 3, 2013.
- Confirm the interest rate reset mechanism for the 2014 Notes (3-month LIBOR + 0.01%) and the fixed rate for the 2018 Notes (0.950%).
- Review the Final Prospectus Supplement filed on May 1, 2013, for specific redemption price details for the 2018 Notes.
- Check the Purchase Agreement (Exhibit 1.1) for covenants and terms governing the debt.
- Confirm the maturity dates: November 3, 2014, and May 15, 2018.